The ultrasonic welding and cleaning equipment market is expected see a steady growth to reach $2,305 million in 2020. The new iRAP report provides a thorough coverage of the underlying economic issues driving the development of the ultrasonic welding equipment and ultrasonic cleaning equipment businesses.

According to a new iRAP report piezoelectric sensors and ultrasonic transducers, benefiting from the development of piezoelectric materials, have become a key enabling technology for a wide range of industrial, consumer, electronic, home automation and internet of things (IoT) applications, have reached a $4.3 billion in 2015 and will further increase to $6 billion by 2020.

The prevailing nature of hospital networks has created an environment in which health information can be distributed via wireless technology in many different modalities. According to a new iRAP report, the global market for wireless medical devices reached to about $3.6 billion in 2015 and is estimated to reach $11.0 billion by 2020 at a CAGR of 25 % per year from 2015 to 2020.

Internet of Things (IoT) technology creates the unique opportunity to collect real-time data from things (sensors, devices, and equipment) and combine that information with data and intelligence from business systems and people. According to a new iRAP report, global spending on IoT cloud platforms specific to industrial and manufacturing was valued at $80 billion in 2014, and is projected to increase to $358 billion by 2019 with a CAGR of 35%.

The thermal management industry is moving toward comprehensive solutions to cool electronics and paving the way for the electronics industry to develop high-performance applications. According to a new iRAP report, the global market for thermal management products is predicted to grow from about $8.8 billion in 2013 to $15.56 billion by 2018, at an average annual growth rate (CAGR) of 12.1%.

Home automation (HA) has made good headway into commercial markets in the past few years and is still growing. According to a new iRAP, report, the global market for home automation architecture has been estimated to reach US$11.95 billion in 2013, and is expected to grow to $20.85 billion by 2018 with a CAGR of 11.7%.

According to a recently published report from iRAP, Inc., the global market for piezoelectric-operated actuators and motors was estimated to be $11.1 billion in 2013 and is estimated to reach $16 billion by 2018, showing an average annual growth rate (AAGR) of 7.7% per year.

Six major applications are discussed in this report, which will account for most of the market for MEMS microphones over the next five years. These are mobile phones, laptops and tablets, camcorders and digicams, hearing aids, head phones and automotive hands-free calling.

Non-volatile memory (NVM) chips, which retain data when the power is off, are expected to see phenomenal growth in the next five years. Seven emerging non-volatile memory technologies such as FERAM, phase change random access memory (PC-RAM), magneto-resistive RAM, resistance switching RAM, zero capacitor (ZRAM), quantum dot RAM and polymer printed memory are contributing to this growth.

It covers issues concerning the merits and future prospects of the MEMS microphone business, including corporate strategies, information technologies, and the means for providing these highly advanced products and service offerings.